The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1887-05-14

AN - tIA1LieSAb CoAH-
STATE OF LOUISIANA, PARISH OF
OUACEITA.
DE TT KNOWN AND REMEMBERED
ID that we.the undersigned parties, Will
liam A: Bright, James Converse, Charles
M. Right, +. X. Morgan, j. w. johnson,
A. w. Files, all Of whom are subscribers to
the original subscription list of stock and
stockholders i'll the Houston, Central Ar
kansas Il Northern Railroad Company,
awaiting ourselves of the privileges con-
ferred by tho Constitution and Statutes of
the State of Louisiana relative to the organ
iZation of corporations for Public Improve
ment have formed ourselves into a COR
poration, and do hereby and by these
Presents form organize and constitute
ourselves and all such other persons
as may hereafter become associated with us
into a Body Corporate or Corporation and
to that end and for that puf pose do cove
nant and agree to be governed by the fol-
lowing stipulations, obligations and regu-
lations as Articles of Corporation, which
are to be the charter of said corporation.
to-wit:
ARTICLE I.
The name and title of this corporation
shall be The Houston, Central Arkansas q
Northern Railroad Company, and that by
said name said corporation shall have sac
during the full term of ninety-nine years
from the date OF this act, unless sooner dis
solved. 1t may sue and be sued may hold
real and personal estate: may make con-
tracts; may receive grants of land, and
personal property, and generally shall pos
sess all the power and privileges which
such corporations are or may be authorized
to possess under the Constitution or by any
general law of this State.
ARTICLE II.
The place chosen for the donicile Of said
corporation is Monroe in the parish OF
Ouachta, State Of Louisiana.
ARTICLE III.
The purposes for which said corporation
has been and is established are:
Section l. TO locate, construct, own and
manage a railroad, with one or more tracts
and suitable turnouts and switches upon
such gauge and construction, and upon such
q cotIf Sc or route as the chiefeuginecr O the
company with the approval of the directors
may deem most advisable and expedient be-
ginning at point at or near Monroe. in the
parish of Ouachita. Louisiana, and running
thence through the parishes OF Ouachita
and Morehouse said State on such route as
may be selected to such point on the Line
between the States of Louisiana and Ar
kansas rs may be selected by the said chief
engineer and there to connect with rail
road constructed or to be constructed, from
said point on said State Line in the State
of Arkansas, through the counties of Ash
Icy, Drew, Lincoln and Jefferson to a point
at or near Pine Bluff, Arkansas, and hav-
ing tho same name as this corporation
This being continuation of said route
from said Arkansas and Louisiana Line to
the city OF Monroe, Louisiana.
Sec. 2. To locate, construct, lease, own,
operate, maintain and use such branch rail
roads and tracts as a majority of tho direc-
tors of said corporation may deem proper
eXpedient and for tho interest of said COM
pany saidscOnpany shall not be restricted
in the exercise ofthis privilege to the State
of Louisiana but may connect its main line
with any other line or lines in such other
States as shall authorize the O. ercise of said
privilege within their limits; and the said
company shall have right to establish
Il tNniS a ~ nj at f,lSf rl,t
ard passenger depots at such points and
places as may be deemed most eXpedent
and proper; and said company shall have
tho right to acquire by appropriation such
property as it may require for tracks. road
bed. depots, elevators or other necessary
purposes.
Sec. 3: To purchase, hold, operate main
tain and use any connecting railroad or
railroads, or to consolidate with the same
and make one company under the name of
the companies so consolidated or any other
name.
Soc. i. TO construct, establish or pllr-
chase in tho State of Louisiana and there
after to own, maintain and use such
wharves bridges, piers, harbors. steam
boats, warehouses;, elevators, yards, depots,
stations and other works as said company
may deem necessary, or as will aid said
company i'll the prosecution of tho purposes
for which il and is formed, and to
manage and operate tho same in such man
ner as may bo dcemcd necessary and most
likely to promote the welfare of said COM
pany.
See 5. 70 tako. transport, carry and
convey pc. sons and property upon its said
railroad and to receive for safe keeping and
to store merchandise and property in its
yards, elevators and warehouses;; and to
receive for such transportation, safe keep
ing storage such tolls and charges us
may from time to time be established by
tho directors OF said railroad company; to
make advances OF money or credits for
charges made by other transportation lines
upon merchandise or property to be trans
ported upon its own roads or to be stored
in its yards, warehouses or elevators to such
exten: and on such terms and conditions as
tho directors of said company may from
time to time establish.
Sec u. To obtain and receive Dv grant,
gift, devise and beuucath both real and per-
sonal properly and to have and To hold the
same for the purposes and objects of said
company.
Sec. 7. TO construct said railroad and
maintain tho same and to have the right of
way for tho same ACROSS, along or upon any
of Tho water courses. streets. highways or
other public places OF said State
See. $. To appropriate property accord
ing To existing and future laws.
Sec. 9. To borrow money, TO purchase
and lcasc property Cn its own credits for
the purpose of constructing and maintain
ing said railroad or establishing cont inuouS
and connecting lines as hcreto fore provided:
and as evidence OF the Indebtedness of said
company for such loans, or the purchase or
lease ct such property to issuo its corporate
bonds or prom iSSorE notes, bearing interest
ut such rate per annum as the directors NAV
elect, and ma % payable at such times ami
places as may be deemed most to tho ad-
vantage OF said corporation; and for Sccur-
ing tho payment of said bonds or notes, to
mortgage or pledge its capital stock, its
corporate franchises, and any or all of its
real or personal property, or both.
ARTICLE ~.
All citations shall he served upon the Pres